Investigation into Proposed Sale of Altus Power, Inc. to TPG
New Orleans, Louisiana – Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are conducting an investigation into the proposed sale of Altus Power, Inc. (AMPS) to TPG Capital. The proposed transaction, which was announced on [Current Date], will see Altus Power shareholders receive $5.00 in cash for each share of Altus they own.
Investigation Details
KSF is seeking to determine whether the consideration being offered to Altus Power shareholders is adequate, or whether it undervalues the company. The firm is urging investors who own shares of Altus Power to contact them if they have information or believe they have been adversely affected by the proposed sale.
Background on the Proposed Transaction
Altus Power, a leading independent power producer that owns and operates distributed energy projects in the United States, announced on [Current Date] that it had entered into a definitive agreement to be acquired by TPG, a leading global alternative investment firm. The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions, including regulatory approvals.
Impact on Individual Investors
If you are an investor in Altus Power and believe that the proposed sale price undervalues the company, or if you have information that should be reviewed in connection with KSF’s investigation, you are encouraged to contact KSF before the lead plaintiff in this action is determined. You may also contact KSF if you have information that you believe would be helpful to the investigation.
Impact on the World
The proposed sale of Altus Power to TPG is expected to have a significant impact on the renewable energy industry, particularly in the distributed energy sector. TPG’s acquisition of Altus Power adds to its growing portfolio of renewable energy investments, which includes stakes in SunPower Corporation and 8minute Solar Energy. The deal is also likely to attract further attention to the renewable energy sector, as companies continue to seek ways to reduce their carbon footprint and transition to cleaner sources of energy.
Conclusion
The proposed sale of Altus Power to TPG is an important development in the renewable energy sector, and KSF’s investigation into the adequacy of the proposed consideration is an important step in ensuring that shareholders receive fair value for their investment. If you are an investor in Altus Power and believe that the proposed sale price undervalues the company, or if you have information that should be reviewed in connection with KSF’s investigation, you are encouraged to contact the firm as soon as possible.
- Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq. and law firm KSF are investigating the proposed sale of Altus Power, Inc. to TPG
- Altus Power shareholders will receive $5.00 in cash for each share they own
- KSF is seeking to determine whether the consideration is adequate or undervalues the company
- Individual investors who believe they have been adversely affected by the proposed sale or have information relevant to the investigation are encouraged to contact KSF
- Impact on the renewable energy industry, particularly in the distributed energy sector
